7425 Terrace River Dr, Temple Terrace, FL 33637
4 beds · 4 baths · 3,401 sqft
Welcome to this stunning, three-level, pool home perfectly situated on a serene stretch of the Hillsborough River, offering beautiful views and spectacular sunsets. Nestled in the peaceful community of Terrace River, this unique property features 4 bedrooms, 3 1/2 baths, and over 3,400 square feet of living space. Step through the French doors into a grand foyer with soaring ceilings, a wood staircase, and elegant iron banisters that extend throughout the upper-level catwalk.The large living room, highlighted by a stone accent wall and gas fireplace, opens to the expansive pool deck, seamlessly blending indoor and outdoor living. Adjacent to the living room, the formal dining room provides ample space for large gatherings. The kitchen has been upgraded with newer stainless steel appliances, complementing its white cabinetry, granite countertops, and generous layout—perfect for meal prep and entertaining.The main floor offers a primary bedroom with an en-suite bath, while two upstairs bedrooms also feature en-suite bathrooms and walk-in closets. A fourth bedroom upstairs serves as a versatile office space. A spacious utility/mudroom, complete with washer/dryer and storage, leads to the oversized two-car garage. Unlike most Florida homes, this property also features a basement, now transformed into an entertainment space with a bar area—the perfect spot for hosting guests, a game room, or a home theater. AND, above the garage, a spacious flat-roof balcony with endless possibilities, whether transformed into a rooftop garden or a private putting green. The commercial-sized pool and newly updated decking create a resort-like ambiance, with an outdoor grill and kitchen area for entertainment and dining. With a new roof installed in 2021, three water heaters, and two A/C units, this home is designed for both comfort and efficiency. Its location is unbeatable, with close proximity to parks, recreation facilities, and convenient access to three major highways (I-75, I-4, I-275). It is just minutes away from USF, major hospitals, entertainment venues, and shopping amenities.
Source: STELLAR #TB8349941
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8349941
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 620, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.